KWB Wealth Increases Position in Visa Inc. (NYSE:V)

KWB Wealth increased its holdings in Visa Inc. (NYSE:V) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,538 shares of the credit-card processor’s stock after acquiring an additional 114 shares during the quarter. KWB Wealth’s holdings in Visa were worth $1,240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of V. Norges Bank bought a new position in shares of Visa during the fourth quarter worth about $5,171,271,000. GAMMA Investing LLC lifted its stake in Visa by 38,416.3% during the first quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock worth $5,173,271,000 after purchasing an additional 14,723,050 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Visa by 4.6% during the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor’s stock worth $50,378,465,000 after purchasing an additional 7,079,706 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Visa in the 4th quarter valued at about $1,955,403,000. Finally, Proficio Capital Partners LLC grew its position in shares of Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor’s stock valued at $1,248,079,000 after buying an additional 3,926,049 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.6%

V stock opened at $368.04 on Thursday. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $371.75. The stock has a market capitalization of $679.09 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day moving average price of $344.66 and a 200 day moving average price of $334.72.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 EPS. Analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, May 13th. Visa’s payout ratio is 23.72%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $2,978,899.60. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at approximately $185,576.46. The trade was a 94.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,991,249.33. This trade represents a 59.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,546,299 in the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Visa from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, May 27th. Truist Financial started coverage on Visa in a report on Monday. They set a “buy” rating and a $400.00 target price for the company. UBS Group upped their target price on Visa from $395.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group assumed coverage on shares of Visa in a research note on Monday. They issued a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Visa has a consensus rating of “Moderate Buy” and an average price target of $367.48.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.